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Genting Singapore
Company in the news
Sheldon Adelson, boss of Marina Bay Sands, dies at 87
Sheldon Adelson, who built the largest casino company in the world and used his wealth to support Republican candidates and groups, has died. He was 87.
Company in the news
Genting Singapore's Universal Studios hit capacity limits
Genting Bhd’s 52.66%-owned subsidiary Genting Singapore Ltd’s operating unit Resorts World Sentosa (RWS) said the Universal Studios Singapore theme park within RWS has reached capacity for Thursday
Sector Focus
Tourism most hard-hit sector in 2020; impending vaccination offers hope
For the most part of 2020, everyone has had to put their travel plans aside.
Broker's Calls
960 Brokers' Digest
Genting Singapore
Price target:
DBS Group Research “buy” $1
CGS-CIMB “add” 86 cents
OCBC Investment Research “buy” 96 cents
STI watch
STI continues upward trajectory on better results, vaccine optimism
The benchmark Straits Times Index (STI) rose 34.69 points or 1.28% as at 12.58pm to 2,746.08 on Nov 16 on hopes of a working Covid-19 vaccine, as well as on better 3Q results.
Results
Local gamblers drive Genting Singapore back into the black with 3Q earnings of $54.5 million
Casino operator Genting Singapore has staged a strong sequential recovery between 2Q and 3Q ended Sept 30, as lockdown measures were eased somewhat.
Corporate moves
Genting HK sells Zouk to Lim scion for $14 million
Lim Keong Hui, son of Genting group boss Lim Kok Thay, has bought over the Zouk Group from Genting Hong Kong for $14 million, or HK$79.3 million.
Broker's Calls
All work and no play makes Genting Singapore a dull stock
Analysts are rather muted on Genting Singapore (GENS) following its disappointing, but not surprising, results announcement on Aug 6.
Covid-19
Genting Singapore axes workers despite partial reopening
SINGAPORE (July 16): Resorts World Sentosa, the integrated resort run by Genting Singapore, remained shut for more than two months because of the lockdown measures to curb further spread of Covid-1
